Ali and Ahmad have AY LLP. On January 1, 2020 the capital balances are $20000 for Ali

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Ali and Ahmad have AY LLP. On January 1, 2020 the capital balances are $20000 for Ali and Ahmad $30000. On March 1 Ali invest $2000. On August 1 Ali withdrew $1000. On May 1 Ahmad invests $4000. On September 1 Ahmad withdrew $2000. AY achieved $20000 net income. The average capital balance of Ali is --------------

a. 12018.

b. 7981.

c. 21250.

d. 32000.

Posted Date: Dec 28, 2021 06:50 AM

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Ali and Ahmad have AY LLP. On January 1, 2020 the capital balances are $20000 for Ali

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